Starhill Global REIT Enters 13 Billion Yen Loan Facility

Oct. 28 (Bloomberg) -- Starhill Global Real Estate
Investment Trust said it has entered into an agreement with
Commonwealth Bank of Australia for a loan facility of as much as
13 billion yen, according to a statement to the Singapore stock
exchange.

The loan will be secured over Starhill’s interests in Ngee
Ann City and will be used to finance Japanese yen payments, the
trust said. Starhill’s gearing will rise to 32 percent from 30
percent as a result of the loan, according to the statement.